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Abira is correct, I didn't short EKSO. It is well documented here in previous posts, EXACTLY how I did it. When I bought in, when I sold and how many shares I bought and sold. I have also given my reasons for my actions. I have also explained where I think the stock is headed and why.
No shorting whatsoever!
Just that much closer to the point I buy back in. Even though it took some effort to get back from being down. I have turned a $700 loss into a $12,000 gain, I would have to say thank you to Fitz for introducing me to EKSO, but he totally missed the boat on this one.
From reading the little they put in the PR it doesn't look like anyone is replacing him
"its industrial division will now report solely to Thomas Looby, President and Chief Executive Officer."
"Mr. Angold will continue to work with the company in order to facilitate a smooth transition. His responsibilities will be merged with the already established engineering, EksoWorks and leadership teams."
This line in the 8K is interesting....
Mr. Angold and the Company each have agreed not to disparage the other
If that line is in there I am thinking this isn't a completely friendly breakup. It may not be hostile be it sounds like there was a difference in opinion somewhere.
This seems to have been in the works for a while, looking back at recent moves.
Either way, I don't think the PPS reaction on Monday will be positive. Russ was a huge part of the company getting to where it is. When you watched videos and new clips, his was the face you saw out front. He always seemed professional, knowledgeable confident and driven to the success of the company. When info came out it was either Mr. Angold or Mr. Looby you saw. Now it looks as though Mr. Looby is taking over that role solely.
Just another development to follow and do some digging into. I would be curious to follow where Mr. Angold moves on to from here.
I wish him the best.
Into that 1.40-1.60 range now. I'm thinking we will be in that range a few days, maybe 9 days and then slide again. Could see drops to the lower end and jumps to the upper end of the range during that time. That would slow the decline in the RSI-14, keeping is at or just above oversold.
Once it starts to slide again I will be watching very closely for news that will spark any rally. If no news before earnings release I think we see the 1.00-1.20 range (my buy is in that range)
There will be people saying that the money spent on compensation/benefits should come after they start selling some products and making some money.
In my last post it should read... So, where do we stand now? In my opinion, right on schedule...
Also, where I mention RSI-14 indicating oversold, that refers to the 1.00-1.20 level
Of course, any positive news before then could change the game
Friday was 2 weeks and a day since I wrote this...post #4785...
Looking at the 52 week chart again, I believe that we will see the 50 day move back below the 200 because the 50 day period will soon be dropping the days of the jump in PPS (Nov 17-21), causing a lower average price. I am watching to see how long it holds in this range (1.75-2.00). Maybe 2 weeks but I am expecting a drop if no (positive)news or PR is released, could be back to 1.00-1.20 soon. Soon the 10 day will be below the 50 day which will be below the 200. That tells me a drop is coming. Also watching RSI-14 again for oversold.
So, where do we stand now? In my right on schedule. The range held for the 2 weeks now looks to be breaking below. In my opinion we still look to be following the previous pattern, set Apr-May of '17, on the 52 week chart. Judging from today's close 1.73 (I actually don't count that last trade squeezed in so I say 1.70-1.71), the daily chart pattern and the repeated touching of 1.70 after failed attempts to move up, that suggests to me that it wants to go lower. Next support (pretty thin) is at 1.40-1.60 before heading back to 1.00-1.20.
Without news or some change in earnings since the preliminary results I think we see that lower range. As P/S drops, charts will become self-fulfilling until we hit that strong support level between 1.00 and 1.20. I believe the drop will coincide with the turn downward of the 50 DMA when the high closing days start dropping out. The RSI 14 will probably indicate oversold at that level as well. At that point more money will come back in to the stock and big investors already in will be sure to take advantage of the "sale price merchandise" and scoop up more shares. Then the rebound begins. If you are thinking about buying, I don't think there would be a better time than that.
With each double digit point drop it gets harder for me to stay patient. I have a buy order already in and waiting to be triggered at a lower level.
That's my take.
Unless we have closes above 2.00, the 50 MA should start coming down because the higher close numbers during the PPS spike begin to drop out of the average.
Porsche...Can you take a look at something for me. On Friday I was just watching the amount of shares traded on the bottom of my TD Ameritrade account and noticed some activity that I have never seen before on any stock. With about 20 minutes left in the day the amount began to increase by 200 every couple of seconds, with a few 100, 300, 500 and occasional larger amounts. It was almost non-stop, kinda like watching the gas pump change the number of gallons. Any other time I look at it the trade amounts and time between trades is erratic. This looked very strange.
I know that sometimes if I put in a larger order it gets filled in batches. but this was very strange. After several increments added to thousands of shares the price moved up about .01, this continued until the PPS went from being way down to -.01 at the close. All day long it was minutes between share trades and the amount were always different.
Can you check somewhere to see what the actual trading transactions looked like for that last period of the day.
Just posting this because I found it while searching for news about the other stock...I own only a few shares (thankfully) of INUV but am down 68% so I have not been following it.
http://postanalyst.com/2018/01/11/at-first-glance-such-a-possibility-seems-ridiculous-inuvo-inc-inuv-ekso-bionics-holdings-inc-ekso/
I did not know that, as a matter of fact I thought I had read that you couldn't write of losses. I need to do more homework!
The point I was trying to make was not just the write off, it was saving the money between between the drop from 2.00 to 1.30 and being able to buy more shares with the same money at the lower PPS.
Am I correct in saying that the only thing you can't do is write off any losses?
http://www.kens5.com/news/local/soldier-strong-donates-super-suit-to-sa-rehab-center/506919909
I think a key take away is that it is at a VA rehab facility
I have a question for you. THIS IS IN NO WAY A RECOMMENDATION ON WHAT ANYONE SHOULD DO!!! I can only say that this is what I DID when I had been in at much higher prices. I do understand the theory behind dollar cost averaging on the way down, but, I feel that only applies to a more established company's stock. They tend to be more expensive stocks that trade in smaller ranges % wise. EKSO reacts much differently than those stocks. My question is, why not sell everything, (not meaning you) let the stock drop for at least the required 30 days to avoid "wash sale" rules (the loss can then be written off at the end of the year) then at some point get back in? I realize that a person would have to hope the PPS does not go back up while he/she was out.
Using your PPS numbers and share amount number I will explain what I did when I was in at much higher PPS. Selling the 4,000 shares at say 2.00 gives you $8,000, a loss of $2,800. (from $2.70/share)(which gets written off at tax time). Then wait 30 day get back in at $1.30 with the same amount of money that you had from the sale ($8,000). A person can now buy 6,153 shares at $1.30.
If that person stays in and averages down at $1.30, his/her paper loss will now be $ 5,600, and will have only 4,000 shares plus he/she will have to add fresh money.
Now we are both at the $ 1.30 level. My way a person would have lost $2,800 (which is written off) but have 2,153 more shares. He/she then adds the same amount of fresh money as in the above. He/she has many more shares working for him/her to recover the $2,800 he/she wrote off because they skipped the loss from the drop from $2 to 1.30 and used the money they saved to buy additional shares....If the stock goes back to the $2.70 price, in one example we break even, with the original amount of shares plus realize a gain from the new money, in the other example there is a gain from the new money, $2,800 loss (written off), but a gain of $3,014.20 plus I have 2,153 shares more working for me from here out. So basically at the same point in time and with the same amount of money invested the second example is up $214.20 (plus the write off) and has 2,153 extra shares working for it, which is huge.
Again, I am NOT recommending to anyone that they do this. There is the risk that the stock moves higher while you are sold out and you cannot get back in. I guess it comes down to how confident you are in the original assumption that the PPS will go down to the target price(the average down price, in this case $1.30).
Your comments and corrections to my examples or math are welcomed.
Good to see that you got in before the jump. I sold everything into that run up, at $ 3.71, they where all free shares I picked up from previous profits and the help of the Rights Offering. I am still waiting for it to come down to a pre-determined price so that I can put all the money back to work. It will be 10,000 shares if things fall into place. It was originally my intent to hold the shares long but when that spike came I knew it wouldn't last and that changed the plans. I hate sitting on the side with this one.
I was one of those in before the R/S first purchase was $1.10 before the split so $7.70. I have since moved in and out and recovered all losses and much more.
Back to showing + .01 at the open
This morning's pre-market action looks to be reacting to something. I can't find anything in the news anywhere so far. Are you seeing anything? I know pre- and post market movement does always mean anything, but -.11 is pretty quick move.
PennyWorld...do you currently have a position in EKSO? If so, when did get in? I only ask because your first post seems to be on 21 Nov. Wouldn't that make you a part of the herd that responded quickly to the Ford video?
Where do you see the PPS headed from here? Near term and longer term?
Thank you abira, those were the comparisons I wanted to look up but didn't have time to. That pretty much explains the reaction today.
Closing green doesn't necessarily mean the market likes it. If it would have closed up .10, then I would say yes, but .04 (.02 with the last second jump taken out) is just the everyday bouncing we will see for a bit. Still following the Apr-May trend.
At least it didn't drop off a cliff, so I would say the sentiment is neutral. Volume dried up after the initial knee-jerk reaction.
My read on the reaction to the preliminary #'s release is that if it could not hold on to some gains today, it will continue it's range for a bit and drift lower. With no upward movement the release has quickly become a non-factor.
The news was not totally disappointing, so that may set a new support level higher than where I was expecting it to drop to. All I can do is watch closely and wait.
I recommend everyone watch the video of Amanda Boxtel that is in the link that Bobby Marinov included in his post. A magnificent and inspiring woman!
Check out all the links and also those that are found on the pages it takes you to. Plenty to learn.
Thank you very much for your reply. You answered all my questions. I appreciate the time you take to keep us much more informed than we would be otherwise. It is amazing to see how the exoskeleton technology touches so many other fields.
Bobby, I just ran across an article (and several videos) from 2014, that I had read some time a go. It was about a woman named Amanda Boxtel. She had been the beneficiary of a collaboration between 3D systems and EKSO bionics in which they designed and created a device made specifically for her. I was wondering if you know of any other projects EKSO has been involved with, like that one, since 2014. Can you find any updated to that story. Can you give any details about how 3D printing is currently being used in the manufacturing of any of EKSO's (or any other) devices.
In his post (#4787) Bobby referenced ASTM F48...I had previously read and posted a link to an article by him in "exoskeleton report" about that...here is the link to that article and short video
http://exoskeletonreport.com/2017/11/announcing-the-formation-of-astm-committee-f48-on-exoskeletons-and-exosuits/
Lots of good links to more information can be found; at the bottom of the page, after the article.
I agree that a close above 2.08 changes things, that takes us out of the trading range.
Bobby is a great asset to have monitoring this board, he is a writer at http://exoskeletonreport.com/
I suggest getting on their email list to get news on the industry as a whole.
Problem with a buy out is that the premium for the company, with PPS at this level won't be much of a profit for those who got in at the $6.00- $7.00 area a while back.(If they are still around)
I think rallies will be sold into...I see this trading in a range for a bit.
Only thing I'm concerned about is that more competition comes on line every day, can EKSO be one of the survivors. I have to believe many companies will fold before they ever become profitable.
Great info Bobby, thanks again for all your work.